Nov 20, 2020 (The Expresswire) -- Global “ Eyewear Market ” Research Report 2020 - 2024 is made to give the market scene and limitless rule about contemporary market size, share, driving variables, patterns, reformist development, and predominant players of the Eyewear market. The report serves in general data available to top makers, wholesalers, merchants, vendors. It will assist them with understanding the item scope, market diagram, market-main thrust, innovative progression, market danger, openings, and examination discoveries.
The Eyewear market is isolated into the item, end-use area, and district. In addition, key organizations are examined dependent on their budgetary viewpoints, their innovative work statuses, just as their development procedures for the coming years, have been featured in the report. Contingent upon the division, the examination record uncovers the item advancement, benefit, cost, market worth, and improvement proportion of each sort.
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Eyewear Market Report Segmented by Regions : North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW). This Eyewear market research report focuses on theKey Manufacturers Profiles in DetailwithGranular Analysisof theMarket Share, Production Technology, Market Entry Strategies,Revenue Forecasts, andRegional Analysisof the Market.
The global eyewear market is expected to register a CAGR of 7.4% during the forecast period, 2018 to 2023. Increasing proactive approach of consumers is providing opportunities for eyewear manufacturers and retailers to expand their consumer base. Market is witnessing significant growth in competition since Essilorâs Crizal Prevencia launched first preventive lenses offering protection against UV rays and blue lights in 2013. On the other hand, online shopping and online advertising is gaining huge popularity across the globe; due to this reason, more number of emerging players using the online platform to launch their products. Key players are aggressively implementing their online marketing and promotional activities as online marketing and promotion does not only provide customers with easy access but also helps vendors reduce operational costs. This factor will boost the sales of eyewear through online platform in the upcoming years.
Increasing Awareness about Eye Health to Drive the Eyewear Market Growth
Increasing acute myopia among young consumers and growing awareness about eye health are likely to drive growth of the market during the forecast period. For instance, according to WHO in 2017, around 253 million people had vision impairment of which 36 million were blind and 217 million had moderate to severe vision impairment, globally. The significant growth in smartphone and computer users is intensifying cases of Computer vision syndrome (CVS) caused due to focusing the eyes on a laptop or other display device for long time. This factor is also influencing the sales of spectacles eyewear from last few years. Additionally, continuously changing fashion trends and development of new lens technologies is expected to drive the growth of the market. For instance, audio company Bose has introduced a new take on the augmented reality eyewear with its new AR glasses that have speakers for augmented reality.
Sunglasses to Witness Fastest Growth during the Forecast Period
Increasing awareness of eye protection from harmful UVB and UVV rays has influenced the demand of sunglasses. Moreover, the increased level of competition in sunglasses market has resulted on prices and product innovation. Celebrities tend to have major sway over consumersâ purchasing decisions, especially when it comes to sunglasses and key players are using celebrities for product endorsement. For instance, Italy-based Luxottica Group's Vogue Eyewear brand, which has recently signed up a celebrity brand endorser in India, has also launched a digital teaser campaign to unveil the star. Key players are focusing on offering their products through online platforms such as KREWE and Lenskart, in order to improve their distribution network and online presence across globe. These distribution channels helps eyewear companies to offer a large product portfolio along with the option of instant testing and receiving immediate feedback of the customers which is boosting the eyewear market growth.
Asia-Pacific Region to Witness Higher Growth Rate during Forecast Period
Asia-Pacific region is witnessing growth in demand for spectacles and sunglasses eyewear products from last few years which is encouraging key players to introduce new products in the Asian countries like India and China. Growing impact of social media and digital advertisement along with increasing adaptation for smart wearable devices is likely to drive the market growth in the Asia-Pacific region. Easy availability, increasing purchasing power, growth in the product awareness among consumers, and the growing demand for the early treatment of vision disorders are also playing key role to drive the market growth in the region. Moreover, growing demand of safety eyewear in developing countries like India and China for industrial application is likely to play key role in the market growth during forecast period. In North America, growing cases of diabetic retinopathy which is the most common cause of vision loss among people with diabetes, is likely to fuel the eyewear market growth in the region.
Key Developments in the Eyewear Market
Jul 2018: Chanel has launched sunglasses on its UK e-commerce platform. The French luxury brand previously sold only cosmetics online in the UK, whilst in the US it launched eyewear in 2015.
Jul 2018: Vista Outdoor Inc. has announced a deal to sell its Bolle, Cebe, and Serengeti eyewear brands to a European private equity fund for approximately USD 158 million to focus on its shooting, ammunition and hunting product categories.
Eyewear Market Competitive Landscape
Eyewear Market Major Key Players are Fielmann A.G., Safilo Group S.p.A., Luxottica Group S.p.A, Essilor International, CooperVision Inc, Carl Zeiss A.G., De Rigo Vision S.p.A., Maui Jim, Inc., Charmant Group, CIBA VISION, Marchon Eyewear, and Pivothead
Reasons to Purchase Eyewear Market Report
Analyzing outlook of the market with the recent trends and Porterâs five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information,
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Topmost List of Key-players of Eyewear Market 2020:-
● Fielmann A.G.-Safilo Group S.p.A. ● -Luxottica Group S.p.A-Essilor International-CooperVision Inc.-Carl Zeiss A.G.-De Rigo Vision S.p.A.-Maui Jim ● Inc.-Charmant Group-CIBA VISION-Marchon Eyewear-Pivothead
The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India.
Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
The Global Eyewear market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global Eyewear market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Eyewear Market Size:
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Reasons to Purchase Eyewear Market ReportAnalyzing outlook of the market with the recent trends and Porterâs five forces analysisMarket dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the marketCompetitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players3-month analyst supports, along with the Market Estimates sheet in excel
Key Developments in the Eyewear Market:
Jul 2018: Chanel has launched sunglasses on its UK e-commerce platform. The French luxury brand previously sold only cosmetics online in the UK, whilst in the US it launched eyewear in 2015.Jul 2018: Vista Outdoor Inc. has announced a deal to sell its Bolle, Cebe, and Serengeti eyewear brands to a European private equity fund for approximately USD 158 million to focus on its shooting, ammunition and hunting product categories.